Doing it our way now: the approach this company pioneered is becoming the market's way
The model's full reasoning — Q2 2023 call → NOThe question asks whether management describes that the company's way of doing things is now being adopted, copied, or moved toward by others in its market, and whether management treats that following as present-day validation. Looking at the transcript, Amnon Shashua discusses the competitive landscape. He says: "The competition comes from, the majority of the competition comes from in-house, the development of the OEM. And we have seen in the past, kind of here or so some form of awakening of OEMs that went through this process of building an in-house solution for a SuperVision like type of a product or even trying to do an eyes of a product. They tend to be somewhere between four to six times more expensive than our solution. And performance wise, we don't see advantage. And they also come to the conclusion that it'll, it may satisfy a very, very slim piece of their business in terms of very high-end models and keep a big gap in terms of the medium segment vehicles. And this brings OEMs back to us to talk about the SuperVision." This describes OEMs that tried in-house development coming back to Mobileye. This is a form of others moving toward the company's approach. However, is this "adopting, copying, or moving toward" the company's way? It's more about OEMs abandoning in-house efforts and coming back to Mobileye. That's not exactly others adopting Mobileye's way, but rather returning to Mobileye as a supplier. Let me look for more direct evidence. Amnon also says: "We have noted an increase in seriousness within the OEMs over the past one, two years, and have seen some OEMs that appear to be far away from us on advanced technology move rapidly to align behind our approach." This is about OEMs aligning behind Mobileye's approach. That's more about design wins, not about the market adopting Mobileye's way. The question is specifically about whether the company's way of doing things is becoming the market's way. Let me look for something more specific. Amnon discusses the competitive landscape in China: "You have X bank, you have Lee Auto, you have Neo, they have products on the road. And we look at their products. They have many more sensors than a SuperVision, all of them have the front facing LiDARs, some of them have multiple front facing radars.
| Ticker | Company | Call | Date | Call grade |
|---|---|---|---|---|
| AES | The AES Corporation | Q1 2024 | 2024-05-03 | C+ |
| GGR | Gogoro Inc. | Q1 2023 | 2023-05-11 | D |
| TGT | Target Corporation | Q4 2022 | 2023-02-28 | C |
| ORAN | Orange SA | Q2 2018 | 2018-07-26 | B |
| USFD | US Foods Holding Corp. | Q1 2018 | 2018-05-12 | C |
| SHOO | Steven Madden, Ltd. | Q1 2017 | 2017-04-21 | C |
AES · Q1 2024 → YESThe question is: Does management describe that the WAY THIS COMPANY DOES THINGS is NOW BEING ADOPTED, COPIED, OR MOVED TOWARD BY OTHERS IN ITS MARKET, so that the company's own way of doing things is ...
GGR · Q1 2023 → YESThe question is: Does management describe that the way this company does things is now being adopted, copied, or moved toward by others in its market?
TGT · Q4 2022 → YESThe question is: Does management describe that the way this company does things is now being adopted, copied, or moved toward by others in its market?